New Venture Development

ENT30011 12.5 Credit Points Hawthorn


  • One teaching period

Contact hours

  • 36 contact hours

Aims and objectives

This unit takes students through the process from opportunity evaluation to detailed planning for implementation. It covers the analysis of the commercial environment affecting the new ventures, resource acquisition and management, risk and rewards assessments to new venture ideas into viable new businesses. This unit is directed at developing and applying practical skills and experience in the context of developing new ventures rather than having a strong focus on theory. There is, therefore, an expectation that students will spend significant time on practical enquiry outside of contact hours.
On successful completion of this unit, students will be able to:

1. Undertake research and carry out evaluation using a variety of sources in order to make judgements about the entrepreneurial business opportunities
2. Generate creative entrepreneurial solutions that are fit for purpose and be cognisant of the impact of business decisions to key stakeholders
3. Exercise the intellectual independence with an innovative and entrepreneurial mindset
4. Work collaboratively in diverse groups on new venture development tasks

Courses with unit

This is a unit of study in the Bachelor of Business suite of courses.